Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$751M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$692M |
| 3 |
Palantir
PLTR
|
+$434M |
| 4 |
Union Pacific
UNP
|
+$377M |
| 5 |
AbbVie
ABBV
|
+$367M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.74B |
| 2 |
Meta Platforms (Facebook)
META
|
+$602M |
| 3 |
Bank of America
BAC
|
+$600M |
| 4 |
Wells Fargo
WFC
|
+$568M |
| 5 |
Broadcom
AVGO
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.73% |
| 2 | Financials | 7.42% |
| 3 | Healthcare | 6.65% |
| 4 | Industrials | 6.3% |
| 5 | Consumer Discretionary | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
5276
CALL
AGNC Investment
AGNC
$12.9B
| $183K | ﹤0.01% |
19,900
-1,630,100
| -99% | -$14.6M |
|
5277
Quince Therapeutics
QNCX
$18.9M
| $183K | ﹤0.01% |
+553
| New | +$126K |
|
5278
Arena Group
AREN
$50.9M
| $181K | ﹤0.01% |
29,162
-85,754
| -75% | -$421K |
|
5279
J. Jill
JILL
$278M
| $181K | ﹤0.01% |
+12,334
| New | +$195K |
|
|
RAPT
5280
DELISTED
RAPT Therapeutics
RAPT
| $179K | ﹤0.01% |
22,424
+10,534
| +89% | +$80.3K |
|
|
AIRJW
5281
CALL
AirJoule Technologies Warrant
AIRJW
$61.4M
| $178K | ﹤0.01% |
275,000
| – | – |
|
5282
PUT
Vor Biopharma
VOR
$1.08B
| $178K | ﹤0.01% |
+5,500
| New | +$48.6K |
|
|
TACHW
5283
CALL
Titan Acquisition Corp Warrants
TACHW
$7.92M
| $178K | ﹤0.01% |
+480,000
| New | +$138K |
|
5284
Champions Oncology
CSBR
$76.8M
| $177K | ﹤0.01% |
24,064
-42,549
| -64% | -$300K |
|
5285
United States Antimony
UAMY
$772M
| $177K | ﹤0.01% |
81,316
-1,105,266
| -93% | -$3.13M |
|
5286
PUT
Healthpeak Properties
DOC
$15.7B
| $177K | ﹤0.01% |
10,100
-4,200
| -29% | -$74.6K |
|
5287
Comstock
LODE
$215M
| $177K | ﹤0.01% |
+46,601
| New | +$130K |
|
5288
CALL
Arqit Quantum Warrants
ARQQW
$204K
| $176K | ﹤0.01% |
195,000
| – | – |
|
5289
Broadway Financial
BYFC
$94.3M
| $175K | ﹤0.01% |
24,013
-2,437
| -9% | -$15.6K |
|
5290
Bassett Furniture
BSET
$171M
| $174K | ﹤0.01% |
11,476
-50,983
| -82% | -$843K |
|
|
SDHIR
5291
Siddhi Acquisition Corp Right
SDHIR
| $174K | ﹤0.01% |
+755,000
| New | +$167K |
|
5292
Avantor
AVTR
$8.48B
| $173K | ﹤0.01% |
12,878
-5,292,442
| -100% | -$72.4M |
|
|
UBFO
5293
DELISTED
United Security Bancshares
UBFO
| $173K | ﹤0.01% |
19,961
-197,359
| -91% | -$1.69M |
|
5294
InnovAge Holding
INNV
$1.6B
| $172K | ﹤0.01% |
46,720
+20,409
| +78% | +$71.4K |
|
|
PTHS
5295
Pelthos Therapeutics
PTHS
$96.5M
| $172K | ﹤0.01% |
+13,671
| New | +$165K |
|
|
MMU
5296
Western Asset Managed Municipals Fund
MMU
$549M
| $172K | ﹤0.01% |
+17,388
| New | +$172K |
|
|
MAPS
5297
DELISTED
WM TECHNOLOGY INC A
MAPS
| $172K | ﹤0.01% |
191,874
+161,175
| +525% | +$174K |
|
|
CMPOW
5298
CALL
DELISTED
CompoSecure Inc Warrant
CMPOW
| $172K | ﹤0.01% |
27,500
| – | – |
|
5299
Great Elm Capital Corp
GECC
$70.6M
| $171K | ﹤0.01% |
+16,148
| New | +$167K |
|
|
RPT
5300
Rithm Property Trust
RPT
$95.8M
| $171K | ﹤0.01% |
10,572
-75,274
| -88% | -$1.22M |
|
Similar funds
Millennium Management's Q2 2025 Portfolio in Review
As of Q2 2025, Millennium Management held 6,516 positions worth $207B, up 10% from $188B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management's Q2 2025 filing shows 738 new, 2,295 increased, 2,418 reduced and 712 closed positions. Its largest new stake was Bank of America Series L: 164,000 shares worth $197K. The largest sale was iShares Core S&P 500 ETF, an estimated $1.74B.
By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.8% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q2 2025 buy was Bank of America Series L: 164,000 shares worth $197K.
- Millennium Management added most to Applovin in Q2 2025, an estimated $751M increase.
- Millennium Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.74B.
- Millennium Management fully exited Discover Financial Services in Q2 2025, selling an estimated $282M.
- Millennium Management's ten largest holdings make up 16% of its $207B portfolio in Q2 2025.
- Millennium Management opened 738 new positions and closed 712 in Q2 2025.
- Millennium Management's portfolio value rose 10% quarter-over-quarter to $207B.
Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.